Vietnam is preparing stricter penalties to crack down on trade fraud and the illegal transshipment of goods, and has focused its inspections on Chinese products as it tries to comply with commitments made to Washington,

Hanoi has found itself in the eye of a political and economic storm. In a surprising move, former U.S. President Donald Trump announced a new tariff deal with Vietnam, marking the third such agreement he has reached after similar ones with the UK and China.

The country’s rise as a manufacturing hub has made it a key player in global trade, and a major beneficiary of the “China+1” strategy.

President Donald Trump announced a trade deal with Vietnam Wednesday that would allow U.S. goods to enter the country duty-free.

The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.

President Trump said he's secured a trade deal with Vietnam in what would be just the second agreement Trump has made with another country.

Trump has given his final warning, and this time the world isn’t laughing. The White House has mailed out formal tariff notices to Mexican President Claudia Sheinbaum and European Commission President Ursula von der Leyen,

Doubling down on his trade wars, President Trump is threatening to raise taxes on many goods from Canada and punish Brazil for prosecuting his friend.